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COMMERCIAL PROPERTY REVENUE
 6 Months Ended
Jun. 30, 2022
Revenue [abstract]  
COMMERCIAL PROPERTY REVENUE COMMERCIAL PROPERTY REVENUE
The components of commercial property revenue are as follows:
Three months ended Jun. 30,Six months ended Jun. 30,
(US$ Millions)2022202120222021
Base rent$768 $870 $1,580 $1,718 
Straight-line rent5 15 7 25 
Lease termination2 12 12 45 
Other lease income(1)
152 145 322 304 
Other revenue from tenants(2)
258 242 519 477 
Total commercial property revenue$1,185 $1,284 $2,440 $2,569 
(1)Other lease income includes parking revenue and recovery of property tax and insurance expenses from tenants.
(2)Consists of recovery of certain operating expenses from tenants which are accounted for in accordance with IFRS 15, Revenue from Contracts with Customers.

As a result of pandemic-related closures and restrictions, certain of the partnership’s tenants, primarily in the Core Retail segment, requested rental assistance, in the form of either a deferral or rent reduction. Lease concessions granted in response to the pandemic are accounted for as a lease modification and are recognized prospectively over the remaining lease term when they become legally enforceable. In the current period, the partnership granted abatements of $4 million and $9 million for the three and six months ended June 30, 2022, respectively (2021 - $20 million and $56 million), primarily related to prior year rents in response to tenants impacted by the pandemic.
INVESTMENT AND OTHER REVENUE
The components of investment and other revenue are as follows:
Three months ended Jun. 30,Six months ended Jun. 30,
(US$ Millions)2022202120222021
Investment income$48 $49 $428 $74 
Fee revenue62 59 136 119 
Dividend income25 48 33 59 
Interest income and other23 9 47 19 
Other— 15 — 15 
Total investment and other revenue$158 $180 $644 $286